Market Newsdesk

PARSIPPANY, N.J., Aug. 3, 2021 /PRNewswire/ — Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today announced its new Microtel Lift Incentive Program. This landmark program is being introduced on the heels of a successful renovation incentive program for La Quinta by Wyndham, known as the LQUp Incentive Program, and further solidifies Wyndham’s dedication and support for its franchisees. With a committed investment of over $40 million over the next three years, these two programs help owners continue to raise the brands’ profiles, while enhancing the guest experience and helping to achieve long-term success.

The Microtel Lift Incentive Program supports Microtel by Wyndham owners based in the U.S. by offering forgivable note funding of up to $2,000 per room from Wyndham to supplement franchisees’ investment in hotel renovations that reflect elements of the brand’s new design-forward Moda prototype, which is the first of its kind in the economy select service segment.

Centered on smart, modern design – and with the understanding that cleanliness and efficiency are of increasing importance to travelers – Moda elevates the award-winning Microtel by Wyndham brand. The thoughtful design approach complements existing Microtel hotels and allows hotel owners to optimize operational efficiencies, drive greater returns, and adapt the design to best suit market and customer needs.

“Wyndham Hotels & Resorts remains strongly committed to helping owners improve the quality and performance of their hotels, increase their guests’ satisfaction, and best position their business for ultimate success,” said Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts. “We know renovation projects play a critical role in that journey, as proven by the success our owners have seen from other brand renovation programs over the last several years, including the highly successful LQUp and Super 8 Innov8te Programs. This significant investment will help accelerate the adoption of new design standards for Microtel by Wyndham and bring important elements of Microtel’s Moda design to more destinations, reaching more everyday travelers.”

Microtel’s Lift Incentive Program follows in the footsteps of La Quinta’s successful LQUp Incentive Program, launched in 2020 that facilitates comprehensive upgrades to the hotel exterior, signage, public spaces, guestrooms, fitness center, breakfast offering and more. All renovations reflect La Quinta’s highly-sought after Del Sol design, which was created with the objective to maximize revenue-per-sq.-ft. while maintaining a competitive cost per key, and features a fresh, stylish and innovative design to provide guests with comfort and convenience while enabling productivity.

Through the LQUp Incentive Program, qualified La Quinta by Wyndham franchisees in the U.S. have received forgivable note funding of $2,000 per room to supplement their investment in hotel renovations. More than 80 properties have already completed renovations as part of this program, including properties in Dallas and Odessa, Texas; Salem, Ore.; St. Petersburg and Tampa, Fla.; Phoenix, Ariz.; Clovis, N.M.; and Las Vegas, Nev. Hotels that have completed an LQUp renovation have, on average, seen increases in RevPAR since completing their renovations. In addition to the sites that have completed LQUp renovations, more than 100 hotels are currently undergoing renovations under the program.

Dedicated to guest service and satisfaction, La Quinta by Wyndham offers an elevated stay in a contemporary setting and is a top provider of select-service lodging with accommodations that appeal to both business and leisure travelers. With thoughtful amenities and friendly service, this brand consistently delivers an exceptional guest experience that keeps travelers waking up on the bright side. The brand’s performance remains strong, gaining 490 basis points of RevPAR Index in 2020 against its competitive set, according to STR data.

Wyndham’s size and global footprint offer unique, comprehensive, and operating advantages for owners, including a diverse portfolio of brands, reduced distribution costs, and strategic development and sourcing. These programs deepen Wyndham Hotels & Resorts’ commitment to offering its franchisees continuous support and dependability.

Interested developers can visit Wyndham’s development website or contact the Wyndham Franchise Development team by email at [email protected].

About Microtel by Wyndham


Microtel® by Wyndham is an award-winning chain of more than 340 economy hotels located throughout North America, Mexico, China and the Philippines. Consistently over-delivering on both guest and owner expectations, Microtel is the only all new-construction hotel in the economy segment. Ranked best-in-class by organizations like The Harris Poll®, Microtel’s rich award-recognized heritage is backed by 16 J.D. Power honors – the most of any hotel brand in the economy segment. Microtel prides itself on being an innovator, offering a midscale experience at an economy price with an array of complimentary amenities including free Wi-Fi and continental breakfast. Other amenities available at most hotels include meeting and fitness centers, swimming pools and the opportunity to earn and redeem points through Wyndham Rewards®, the brand’s guest loyalty program. Travelers can join the program for free at www.wyndhamrewards.com.

About La Quinta by Wyndham



With nearly 940 destinations around the world, the upper-midscale La Quinta by Wyndham brand is a bright spot in every travelers’ journey. The brand offers thoughtful amenities, friendly service and consistently delivers an exceptional guest experience that keeps travelers waking up on the bright side. For more information, visit http://www.lq.com/. Like and follow LQ on Facebook and YouTube. If you are interested in developing a hotel, please visit development.wyndhamhotels.com.

About Wyndham Hotels & Resorts



Wyndham Hotels & Resorts (NYSE: WH) is the world’s largest hotel franchising company by the number of properties, with approximately 9,000 hotels across nearly 95 countries on six continents. Through its network of approximately 798,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 21 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn Suites®, Trademark Collection® and Wyndham®. Wyndham Hotels & Resorts is also a leading provider of hotel management services. The Company’s award-winning Wyndham Rewards loyalty program offers 89 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.

Contact:

Scott Carman

Wyndham Hotels & Resorts
+1 (973) 753-6590
[email protected]  

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SOURCE Wyndham Hotels & Resorts

SAN FRANCISCO, Calif., Aug. 3, 2021 /PRNewswire/ — WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption solutions, today announced the availability of  WalkMe Embedded on Salesforce AppExchange. WalkMe Embedded integrates with Salesforce Lightning and enables revenue teams to spend more time driving business results and less time on navigating applications and searching for information. Built on the Salesforce Platform, WalkMe Embedded is currently available here on AppExchange.

WalkMe Embedded for Salesforce Lightning

WalkMe Embedded unlocks value and knowledge through a centralized hub embedded within Salesforce Lightning. With WalkMe Embedded, Salesforce users can utilize advanced enterprise search capabilities to more easily access needed resources such as knowledge bases, support sites, documents and more. Users will also be able to readily retrieve information from Salesforce using WalkMe’s ActionBot, a natural language chat-like interface, creating a seamless workflow that does not distract from their intended task. WalkMe Embedded helps streamline contextual communication with the ability to create segmented, personalized, and targeted notifications to push business updates within the app. Managers can also see the progression of new Salesforce Lightning users as they onboard using a preset menu of action items in WalkMe Embedded.

Comments on the News

“We are proud to introduce a new product, WalkMe Embedded, extending the collaboration between WalkMe and Salesforce,” said Rafael Sweary, Co-Founder and President of WalkMe. “WalkMe Embedded offers unique in-app experiences to users, saving them time and improving productivity while they focus on driving revenue.”

“WalkMe Embedded is a welcome addition to AppExchange, as it powers digital transformation for customers by reducing friction in the sales process,” said Woodson Martin, GM of Salesforce AppExchange. “AppExchange is constantly evolving to connect customers with the right apps and experts for their business needs.”

About Salesforce AppExchange

Salesforce AppExchange, the world’s leading enterprise cloud marketplace, empowers companies, developers and entrepreneurs to build, market and grow in entirely new ways. With more than 6,000 listings, 9 million customer installs and 117,000 peer reviews, AppExchange connects customers of all sizes and across industries to ready-to-install or customizable apps and Salesforce-certified consultants to solve any business challenge.

Additional Resources

• Like Salesforce on Facebook: http://www.facebook.com/salesforce
• Follow Salesforce on Twitter: https://twitter.com/salesforce
• Visit the WalkMe Website
• Read the WalkMe Blog

Salesforce, AppExchange, Lightning and others are among the trademarks of salesforce.com, inc.

About WalkMe

WalkMe’s cloud-based Digital Adoption Platform enables organizations to measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments. Our code-free platform leverages our proprietary technology to provide visibility to an organization’s Chief Information Officer and business leaders, while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization’s needs.

Media Contact

Christina Knittel

PR Director
[email protected]

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SOURCE WalkMe

AUBURN HILLS, Mich., Aug. 3, 2021 /PRNewswire/ — BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, has entered into a partnership with ZEEKR Intelligent Technology Co., Ltd. (hereinafter referred to as ZEEKR), owned by Geely Holding Group (hereinafter referred to as Geely). BorgWarner plans to supply its advanced High-voltage Coolant Heater (HVCH) to ZEEKR’s new ZEEKR 001 electric sedan.

The HVCH technology was developed to meet the demand for fast-acting solutions as the thermal management systems of vehicles increasingly become decoupled from the internal combustion engine, permanently in the case of electric vehicles (EVs) and for longer parts of the drive cycle in hybrid electric vehicles (HEVs). By offering consistent temperature distribution inside the battery pack and its cells, BorgWarner’s coolant heaters can be used for improving battery energy performance in EVs and HEVs. In addition it allows comfortable cabin temperatures to be generated in a short time enabling a better driving and passenger experience. With high thermal power density and fast response time due to their low thermal mass, these heaters also extend pure electric driving range as they use less power from the battery.

“We are excited to offer our innovative heater technology, which solves two problems in a single device, to ZEERK 001. Our High-voltage Coolant Heater will help them improve battery-operated range by controlling the battery temperature at an optimal level while also increasing passenger comfort through delivering an ideal interior climate,” said Joe Fadool, President and General Manager, BorgWarner Emissions, Thermal and Turbo Systems. BorgWarner’s extensive range of advanced battery and cabin heater systems are widely recognized by global OEMs as they improve the efficiency of their cars and help them meet the latest clean mobility trends.”

The HVCH uses the latest thick film element (TFE) technology. Developed to meet demand for high-performance systems that quickly generate heat, the HVCH’s heating elements are immersed in coolant so that power losses are minimized. Moreover, the technology allows for direct temperature sensing.The HVCH is available in two versions – single plate and dual plate – both integrated into robust aluminum housings that provide excellent electromagnetic shielding. Suitable for applications with supply voltages between 180 and 800 volts, the HVCH offers a power range of 3 to 10 kW. The devices are protected from overheating, as the system switches off automatically in the event a failure occurring.

The new ZEEKR 001 equipped with BorgWarner’s HVCH is scheduled to start production in the second half of 2021.

About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a global product leader in delivering innovative and sustainable mobility solutions for the vehicle market. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 96 locations in 23 countries, the company employs approximately 50,000 people worldwide. For more information, please visit borgwarner.com.

Forward-Looking Statements: This press release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,” “expects,” “forecasts,” “goal,” “guidance,” “initiative,” “intends,” “may,” “outlook,” “plans,” “potential,” “predicts,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Further, all statements, other than statements of historical fact contained or incorporated by reference in this press release that we expect or anticipate will or may occur in the future regarding our financial position, business strategy and measures to implement that strategy, including changes to operations, competitive strengths, goals, expansion and growth of our business and operations, plans, references to future success and other such matters, are forward looking statements. Accounting estimates, such as those described under the heading “Critical Accounting Policies and Estimates” in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2020 (“Form 10-K”), are inherently forward-looking. All forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. Forward-looking statements are not guarantees of performance, and the Company’s actual results may differ materially from those expressed, projected or implied in or by the forward-looking statements. 

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: the difficulty in forecasting margin performance and free cash flow through 2025 in light of the variables that can impact those results over that period of time; the difficulty in forecasting demand for electric vehicles and our EV revenue growth by to 2030, which is long term; margin performance and free cash flow through 2025; the ability to identify targets and consummate acquisitions on acceptable terms; failure to realize the expected benefits of acquisitions; the ability to identify appropriate combustion portfolio businesses for disposition and consummate planned dispositions on acceptable terms; competition competitive challenges from existing and new competitors including from OEMs customers; the challenges associated with rapidly-changing technologies, particularly as relates to electric vehicles, and our ability to innovate in response; the ability to innovate; uncertainties regarding the extent and duration of impacts of matters associated with COVID-19, including additional production disruptions; the failure to realize the expected benefits of the acquisition of Delphi Technologies PLC that the Company completed on October 1, 2020; the failure to promptly and effectively integrate acquired businesses; the potential for unknown or inestimable liabilities relating to the acquired businesses; the possibility that the proposed transaction between the Company and AKASOL AG will not be consummated; failure to obtain necessary regulatory approvals or to satisfy any of the other conditions to the proposed transaction; failure to realize the expected benefits of the proposed transaction; our dependence on automotive and truck production, both of which are highly cyclical and subject to disruptions; our reliance on major OEM customers; commodities availability and pricing; supply disruptions; fluctuations in interest rates and foreign currency exchange rates; availability of credit; our dependence on key management; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims; future changes in laws and regulations, including, by way of example, tariffs, in the countries in which we operate; impacts from any potential future acquisition or divestiture transactions; and the other risks noted in reports that we file with the Securities and Exchange Commission, including Item 1A, “Risk Factors” in our most recently-filed Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revisions to any of the forward-looking statements in this press release to reflect any change in our expectations or any change in events, conditions, circumstances, or assumptions underlying the statements.

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SOURCE BorgWarner

ABBOTT PARK, Ill., Aug. 3, 2021 /PRNewswire/ — Abbott (NYSE: ABT) today announced it has received U.S. Food and Drug Administration (FDA) clearance for its latest optical coherence tomography (OCT) imaging platform powered by the company’s new Ultreon Software. This innovative imaging software combines OCT with artificial intelligence (AI) to provide physicians an enhanced, comprehensive view of coronary blood flow and blockages to assist physician decision-making and provide the best pathway for treatment.

U.S. clearance follows the recently attained CE Mark in Europe, providing broader access to the latest OCT imaging platform for interventional cardiologists seeking to utilize the latest in AI-powered technology. Ultreon Software integrates with Abbott’s new Dragonfly OpStar imaging catheter and PressureWire X guidewire to provide physicians access to a broad set of tools to assess coronary blood flow and blockages and improve treatment planning for patients.   

“Abbott’s new Ultreon Software for OCT provides an automated, comprehensive view of the artery that facilitates physician decision-making,” said Ziad Ali, M.D.D.Phil, director of the DeMatteis Cardiovascular Institute at St. Francis Hospital and Heart Center in New York. “Ultreon Software guides stents to be placed with precision. These types of innovative technologies are instrumental in providing the best care for our patients.”

Earlier this year, an annual study by Abbott titled Beyond Intervention revealed that physicians view forward-thinking and innovative technologies as critical components to providing the best patient care. According to the research, 83.2% of physicians agreed that advances in diagnostic and treatment technologies, such as OCT, have translated to tangible improvements in patient care.¹

“As cardiologists continue to adopt OCT and move away from traditional imaging methods such as angiography, emerging technologies are pivotal to determine the best course of patient care,” said Nick West, M.D., chief medical officer and divisional vice president of global medical affairs at Abbott’s vascular business. “AI enables Ultreon Software to automatically detect calcium and vessel diameters allowing doctors to put stents exactly where they are needed.”

The launch of Ultreon Software for OCT in the United States demonstrates Abbott’s commitment to continual innovation in the global vascular community with the latest medical devices and technologies. For example, recent data shows that when OCT is paired with Abbott’s MLD MAX, a new workflow that helps guide and optimize stenting decisions, physicians have altered their treatment strategy in treating 88% of coronary artery blockages.² Abbott’s latest technologies play a vital role in improving cardiovascular patient care and achieving optimal outcomes during and after intervention. For U.S. important safety information on Ultreon, visit: https://abbo.tt/3qAujzc

Abbott showcased Ultreon Software for the first time at EuroPCR 2021 and recently received approval in Japan.

About Abbott:
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.

Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.

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SOURCE Abbott

TORONTO, Aug. 3, 2021 /CNW/ – Scotiabank today announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank’s commitment to making a positive impact and creating better communities for every future. Net proceeds from the Sustainability Bond offering will be used to fund the financing or refinancing, in whole or in part, eligible green and/or social assets, which refer to new or existing assets, businesses or projects that meet the Scotiabank Sustainable Bond Framework Eligibility Criteria.

This is the largest Sustainability Bond issued by a Canadian Financial or Corporate to date. A portion of the proceeds of this bond will help advance women-led businesses through The Scotiabank Women Initiative™ – a comprehensive program that supports women clients across all four business lines at Scotiabank and is dedicated to helping women take their businesses to the next level through Access to Capital, Mentorship, and Education.

“Our clients look to Scotiabank for leadership in financing sustainable business growth,” said Jake Lawrence, Group Head and CEO, Global Banking and Markets at Scotiabank. “We are proud to have launched this USD 1 billion Sustainability Bond with three Diversity & Inclusion firms as active co-managers and to build on Scotiabank’s commitment to drive the evolution and enhancement of social responsibility initiatives.”

Scotiabank’s approach to sustainability is intended to deliver economic, social and environmental value to our customers, our operations and the world around us. Following the Green Bond issuance in 2019, Scotiabank updated its framework to the Sustainable Bond Framework in order to help investors align themselves better to various environmental and climate-related issues via participation in a Sustainability Bond offering.  

The Sustainable Bond Framework categories include all of those listed in the Green Bond Framework as well as the following additional social categories:

Scotiabank launched its Sustainable Bond Framework in July 2021. The framework has received a Second-Party Opinion from Sustainalytics, a global leader in ESG and Corporate Governance research and ratings, and is in line with the Green Bond Principles 2021, Social Bond Principles 2021, and the Sustainability Bond Guidelines 2021, as administered by the International Capital Market Association.

“This is a significant milestone from a funding program and diversification perspective,” said Christy Bunker, SVP, Canadian Banking and Global Wealth Management Treasurer, Term Funding & Capital Management, Scotiabank. “This new Bond enables the Bank to expand our use of proceeds to include assets such as those originated through The Scotiabank Women Initiative among other social categories.”

“We all have an important role to play in driving a positive impact on society while enabling sustainable development and the transition to a low-carbon economy for current and future generations,” said Meigan Terry, SVP, Chief Communications and Social Impact Officer at Scotiabank. “This inaugural Sustainability Bond offering helps Scotiabank put into practice the commitment we have made to improve society and drive meaningful change for every future.”

Earlier this year, the Bank launched its inaugural Net Zero Research Fund as part of its commitment to pursuing Net Zero targets and Pathways. Scotiabank has committed to establishing bank-wide, quantitative, time-bound targets for reducing greenhouse gas emissions associated with our underwriting and lending activities. To get there, Scotiabank is undertaking a quantitative analysis of the greenhouse gas intensity of the Bank’s loan book and underwriting activities, research on pathways to net zero, development of plans and targets for reducing emissions, and creation of a reporting framework to ensure transparency.   

In addition to today’s announcement, Scotiabank continues to build on the following sustainability initiatives:

• Served as bookrunner on more than $10 billion of green, social, sustainability and sustainability-linked bonds since 2014
• Achieved a 20% reduction in operational greenhouse gas emissions from 2016 levels
• Contributed nearly $85 million to communities through donations, community sponsorships, employee volunteering and other types of community investment
• Launched ScotiaRISE – a 10-year, $500 million initiative to promote economic resilience among disadvantaged groups
• To date we have committed $3 billion to support women-owned and women-led businesses
• Renewed our five-year Diversity and Inclusion Goals, with a focus on people who identify as Black, Indigenous peoples, visible minorities, People with Disabilities and Women
• For the third consecutive year, achieved top 1% in Corporate Governance among financial institutions globally according to the Dow Jones Sustainability Index, and awarded a perfect score on Anti-Crime Policies
• Strengthened our commitment to responsible procurement and supplier diversity by joining the Canadian Aboriginal and Minority Supplier Council, and became an Aboriginal Procurement Champion for the Canadian Council for Aboriginal Business
• Published our second Green Bond Report to provide investors with an overview of the estimated impact of the use of proceeds in July 2021.
• Received a “AAA” rating from MSCI, a leading provider of critical decision support tools and services for the global investment community – held by only 2% of banks globally.
• About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 90,000 employees and assets of approximately $1.1 trillion (as at April 30, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

About The Scotiabank Women Initiative

The Scotiabank Women Initiative is a comprehensive program designed to break down barriers and increase economic opportunity for women to be successful, now and in the future, by providing unbiased access to Capital & Tailored Solutions; Bespoke Specialized Education; and Holistic Advisory Services & Mentorship. A unique offering soon to be embedded across Scotiabank’s footprint (International Banking to be launched later this year), The Scotiabank Women Initiative provides equal access to financing for women-owned and led-businesses within Canadian Business Banking; helps women clients pursue their best professional futures within Global Banking and Markets, and helps women take charge of their financial futures through Education, Advice, and Access to Wealth Management Services within Global Wealth Management,. For more information on The Scotiabank Women Initiative, visit scotiabankwomeninitiative.com.

SOURCE Scotiabank

SCHAUMBURG, Ill., Aug. 3, 2021 /PRNewswire/ — Today, HR and Payroll software provider Paylocity announced continued momentum and adoption of its Modern Workforce Solutions that include innovative features such as Community, Premium Video, Surveys, Learning Management and the recently launched Modern Workforce Index. Companies are leveraging these features to help elevate the employee experience in the current competitive environment, where attracting and retaining talent has become paramount. The company has also received recognition for these solutions from third-party organizations including G2 and Lighthouse Research and Advisory.

In the fiscal year ending June 30, client usage of Community announcements on the Paylocity platform increased by over 150% year-over-year, and total announcements doubled this Spring compared to the same period in 2020. Community is a single source for announcements, group collaboration, and messaging that improves communication effectiveness and employee engagement compared to broadcast emails or antiquated intranets. Monthly unique visitors of Community on the Paylocity platform doubled in the last year, and employees created hundreds of thousands of interactions per month, including reactions and comments. Most of this activity happens on mobile devices, where the employee user experience mirrors the social media apps that people are accustomed to using every day, including the use of video. Community has seen rapid adoption by companies with dispersed workforces – including mobile and remote employees, contractors and shift workers, or other “deskless” workers that may not have regular access to corporate email or computer terminals.

In addition, monthly video creation in the last four months steadily outpaced the first four months of 2021, and the number of videos created on the platform as of June 2021 was nearly triple the total from December 2020 as clients use videos across the platform in Community, Learning Management, Onboarding, and Recruiting.

Another increasingly popular capability of the Paylocity platform is the ability to generate Surveys to uncover employee needs and open the door for ongoing and transparent conversations.  Millions of surveys were completed last year using the Paylocity platform, including popular ready-to-use templates available to customers.

Michigan-based manufacturer Revere Plastics relies on Paylocity to create a strong culture and compete with larger chains to attract and retain talent. Kristi Stuetzer, VP of HR for Revere Plastics commented, “We needed a system that could help build our culture, connect our 1,200 employees across nine plants, and give our HR team useful data. Paylocity cut our HR team’s onboarding work by 25-30% and helped us increase engagement with Surveys, Community, and Video, and our employees have embraced these tools.” When Revere Plastics transitioned its employee NPS survey to Paylocity, the response rate went from less than 1% to more than 40%. Stuetzer explained that Paylocity is helping “build relationships with people and build our culture. And for the first time, now we have a pulse on both.”

Paylocity clients also have access to deep insights into their organization through the Modern Workforce Index (MWI). Built with patent-pending artificial intelligence, MWI is a unified dashboard of how well clients are doing with step-by-step ways to improve engagement. They can see their overall scores and compare performance to peers – then break down results across tool utilization, employee sentiment, and organizational health. Companies with higher MWI scores show 15-25% lower attrition and higher headcount growth.

VStyles, a collection of hair salon franchises in Southern California with 150 employees, was unable to gain relevant business insights, such as company turnover, with their prior human capital management system. VStyles transitioned to Paylocity to accommodate specific compliance and regulatory needs and gain efficiencies in reporting. Using MWI, they were also able to index where the salons were against the industry and make decisions with data driving the strategic vision for the franchises. “When we first accessed the data insights, we realized our turnover rate was high relative to peers in our industry,” said VStyles Owner and HR Director Christy van de Sande. “We made some changes internally, such as offering incentives for employees who stayed longer than a year. We also spent more time training and investing in our employees’ future. After our second year with Paylocity, our turnover was cut by more than 60%. It’s gratifying as an owner to know that your investments are paying off,” continued van de Sande.

Outside Recognition for Paylocity

Clients have also validated Paylocity’s solutions through endorsements on G2. Paylocity was named an Overall Leader in seven HR and payroll product categories for enterprise and 12 categories for mid-market based on customer reviews. In addition, the company was awarded the “Best Solution for Talent Development” in the 2021 HR Tech Awards from Lighthouse Research and Advisory.  Earlier this year, Paylocity also received the Top 100 BEST Award from the Association for Talent Development for excellence in building modern employee learning solutions.

Paylocity’s continued growth and momentum is complemented by its leadership team’s commitment to building a culture of caring for its customers and employees. Recent awards and recognition reinforce Paylocity’s focus on retaining and attracting the best talent to serve clients. Paylocity ranked on the “Crain’s Fast 50” list of the fastest-growing companies in the Chicago area for the eighth consecutive time and was recognized by Yahoo as one of the Top 20 companies with the happiest employees. The company once again was named Great Place to Work-Certified™ for 2021 by the GPTW Institute, a global authority in workplace culture. Paylocity’s Chief Executive Officer Steve Beauchamp received a Glassdoor Employees’ Choice Award honoring the Top CEOs among large companies in 2021 for the fourth time, and Paylocity’s enterprise sales team was named both National Sales Team of the Year and Field Sales Team of the Year at the 15th Annual Stevie Awards for Sales & Customer Service. 

About Paylocity
Paylocity (NASDAQ: PCTY) is a leading provider of cloud-based HR and payroll software solutions headquartered in Schaumburg, IL. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses tackle today’s challenges while moving them toward the promise of tomorrow. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help people achieve their best through automation, data-driven insights, and engagement. For more information, visit www.paylocity.com.

CONTACT:  
Kellie Flaherty 
Walker Sands, for Paylocity 
[email protected]  
773-459-6954 

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SOURCE Paylocity

ARMONK, N.Y. and OVERLAND PARK, Kan., Aug. 3, 2021 /PRNewswire/ — IBM (NYSE: IBM) and Black & Veatch today announced a collaboration to jointly market Asset Performance Management (APM) solutions, including remote monitoring technologies that combine near real-time data analytics with artificial intelligence to help customers keep equipment and assets running at peak performance and reliability.

The companies are collaborating on solutions combining Black & Veatch Asset Management Services (AMS) and digital analytics with IBM Maximo Application Suite. These solutions are designed to help organizations support more resilient operations for industrial, energy and utilities assets. Black & Veatch operates four monitoring and diagnostics centers and has vast experience with near real-time, detection and analysis of emerging problems by running thousands of models and scenarios to predict changes in asset performance. IBM Maximo Application Suite’s Assist, Monitor, Health, Predict and Visual Inspection capabilities aim to integrate Black & Veatch monitoring and diagnostics expertise and data analytics with maintenance management to bring them into the field where the insights can be applied.

The two companies are also planning to expand the IBM Digital Twin Exchange using Black & Veatch’s digital twin asset models. “Digital twins will be a necessary part of the industrial sector’s digital future because of the detailed understanding they provide and expert analysis they enable for complex assets,” said Dave Brill, Vice President and Director of Asset Management Services with Black & Veatch. “The IBM Digital Twin Exchange can make this level of understanding more accessible by connecting customers in asset-intensive industries and in need of digital twins with members of IBM’s rapidly growing partner ecosystem that can share their models. As part of this collaboration, Black & Veatch plans to develop digital twin asset models to sell through the Digital Twin Exchange, expanding the library’s inventory.”

Faced with aging equipment, tightening budgets, increased regulation and rapidly changing market dynamics, operators and engineers require increased visibility into their equipment performance and asset conditions. Remote monitoring technology can help organizations understand their assets better by providing a near real-time view of operations. Once data is collected, it can enable both predictive and conditions-based maintenance, where problems are proactively corrected before they escalate into system breakdown, in an effort to limit downtime and maximize productivity.

As assets and facilities continue to evolve and the volume of data they generate grows, knowing how to effectively manage and use this information is a major challenge for many organizations. As a result, the dashboards used for monitoring data can be overwhelming and have so many alerts that important ones may be ignored. AI and machine learning can help bridge that gap and reduce this “alarm fatigue” by sorting through the thousands of incoming datapoints, so organizations can prioritize alerts and decisively plan their actions. This collaboration combines IBM’s software, artificial intelligence and machine learning expertise with Black & Veatch’s engineering expertise to offer solutions that can help reduce thousands of incoming data points to a handful of actionable escalations by making predictions and then screening and diagnosing alerts. With more than 20 years of experience in near real-time data analytics, Black & Veatch provides a deep understanding of how facilities and systems operate, and its expertise and models are used to train IBM’s AI to help detect anomalies and support monitoring at scale.

“Organizations in every industry need to figure out how to use the vast amounts of data generated within their own systems,” said Kareem Yusuf, IBM General Manager AI Applications and Blockchain. “Monitoring insights that combine AI and machine learning technology with deep industry expertise can help organizations make better sense of their data and use it to manage their assets better. IBM and Black & Veatch are collaborating to deliver insights that can be applied to improve the performance of assets and extend their lifespans.”

Black and Veatch is part of IBM’s partner ecosystem helping unlock the value of Industry 4.0 by accelerating the adoption of open hybrid cloud and artificial intelligence for clients in essential industries such as manufacturing, energy, retail, and smart cities. IBM’s partner ecosystem is designed to fuel hybrid cloud environments by helping clients manage and modernize workloads from the mainframe to the edge and everything in between with Red Hat OpenShift, a leading enterprise Kubernetes platform.

For more information on remote monitoring and asset maintenance, visit here.

About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.

About IBM
For more information about IBM Maximo Application Suite please visit ibm.com/maximo.

IBM Media Contact 
Anthony Colucci 
[email protected]

Black & Veatch Media Contact Information: 
MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | [email protected] 
24-HOUR MEDIA HOTLINE | +1 866-496-9149

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SOURCE IBM

SALT LAKE CITY and LOUISVILLE, Ky., Aug. 3, 2021 /PRNewswire/ — 3M (NYSE: MMM) and Waystar, a leading provider of healthcare payments software, today announced they have entered into a strategic partnership to provide revenue capture solutions to clients of 3M Health Information Systems division. In collaboration with 3M, Waystar’s AI-powered technology will allow providers, health systems and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.

Revenue integrity remains a top concern for hospital and health system CFOs and revenue executives. Yet, less than half (44 percent) said their organizations have established programs to prevent revenue leakage, revenue degradation and compliance risk. With healthcare organizations facing the combined pressures of rising costs, thinning margins and staffing shortages, it’s critical for healthcare organizations to implement solutions that increase efficiency and protect revenue.

Waystar’s revenue capture solutions leverage data from claims processed on its platform, representing 500,000 providers and 40% of the U.S. population. Waystar’s solutions go beyond a rule-based approach, with predictive analytics and machine learning algorithms that analyze historical data to identify patterns. This new partnership will combine Waystar’s automated, AI-powered Charge Integrity, DRG Anomaly and Transfer DRG technology with 3M’s services team, which can implement the change management needed to keep workflows up to date. Leveraging Waystar’s technology, 3M clients can identify possible missing charges, underpayments and overpayments —automatically identifying potential incorrect and under-coded claims before they are submitted. Together, Waystar and 3M will empower healthcare organizations to move away from manual processes and embrace automated, data-driven workflows.

“The healthcare industry has long been marked by administrative waste and inefficiency,” said Waystar Chief Executive Officer Matt Hawkins. “We are proud to bring artificial intelligence to help 3M clients solve these perennial challenges and take the manual work out of healthcare payments. Through our collaboration, we are now able to combine the best of Waystar’s technology with 3M’s expertise in organizational change. Together, we will empower health systems and hospitals to prevent revenue loss, operate more efficiently and free up resources for patient care.”

3M works with more than 6,000 health systems and hospitals across the U.S. By combining Waystar’s technology expertise and 3M’s ability to usher in organizational change, the partnership will help targeted healthcare organizations put the processes in place to efficiently collect on the missing charges identified.

“At 3M, we are committed to providing innovative solutions that allow health systems and hospitals to solve their administrative challenges and more effectively capture revenue they’re appropriately owed,” said Elizabeth Guyton, vice president, 3M Health Information Systems. “Our collaboration with Waystar brings together a more comprehensive, end-to-end revenue cycle—from capture to coding to appropriate payment—for our clients.”

For more information on Waystar’s Revenue Capture solutions, please visit waystar.com.

About 3M
At 3M (NYSE: MMM), we apply science in collaborative ways to improve lives daily. With $32 billion in sales, our 96,000 employees connect with customers all around the world. Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNews.

About Waystar


Waystar
 provides next-generation, cloud-based technology that simplifies and unifies healthcare payments. The Waystar platform removes friction in payment processes, streamlines workflows and improves financials for providers in every care setting. Waystar products have won Best in KLAS® or Category Leader every year since 2010 and earned multiple #1 rankings from Black Book™ surveys since 2012. The Waystar platform supports more than 500,000 providers, 1,000 health systems and hospitals, and 5,000 payers and health plans. Waystar is backed by EQT, Canada Pension Plan Investment Board and Bain Capital. For more information, visit waystar.com or follow @Waystar on Twitter

Contact: [email protected]

View original content:https://www.prnewswire.com/news-releases/3m-partners-with-waystar-to-automate-revenue-capture-processes-improving-reimbursement-and-compliance-301346121.html

SOURCE Waystar